lukow priduct is investigating the ourchase of a piece of automated equipment that will save $160000 each year in direct labor and inventory carrying costs. the equipment costs $870000 and is expected to have a7-year yseful life with no salvage value. The company's required rate if return is 9% on all equipment purchases. Management anticipates thst this equipment will provide intangible benefits such ad greater flexibility and higher- wuality output that will result in additional future cash inflow.

what minimum dollar value per year must be provided by the equipments intangible benefits to justify the $870000 investment